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(306) 665-4663
info@epicalliance.ca

Wholesaling & Distressed Properties

Win with Wholesaling


Did you know that you can get anything under contract and then sell that contract to someone for a fee? It’s true — this process is called wholesaling!

What Wholesaling Is Not

Some people might confuse wholesaling with actually purchasing an item and then reselling it. So, you do not purchase bulk items at wholesale cost, mark them up, and then sell them at a retail price.

What Wholesaling Is

Wholesaling is getting anything under contract, finding a buyer for that contract (a.k.a “the deal”), and then selling the contract to that buyer for a finder’s fee. It really can be anything you would pay money for, be it an item or a service. If you can write a contract up for it, you can wholesale it. It could be a service, one item, a bulk of multiple items, etc.

Traditionally, people have a misconception that in order to get something under contract, you need to put a large deposit down. In reality, as long as there is as little as a $1 deposit paid to the seller, it becomes a legally binding contract. By putting that item under contract, the seller can no longer sell that item to anybody else while it is under contract with you (it is “locked up”). The length the offer would stay under contract for is negotiable — that is something you would prearrange with the seller. There is no set timeframe for the length of time the offer would stay open for. Obviously, the longer the better — then you have more time to find a buyer!

A Step-by-Step Example of a Wholesale Deal

  1. Find a car at a great price
  2. Put it under contract.
  3. Find a buyer who is willing to purchase the car.
  4. Sell the contract to that buyer for a fee.

Now that buyer has a right to purchase that car and you made money with only putting $1 down!

Want to find out about how we could work together on a real estate wholesale deal? Give us a shout below!

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'De-Stressed' Properties


Is your house causing you stress because of finances or repair needs?

Give us a shout — we regularly buy distressed properties and de-stress them!

 

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Contact Epic

306-665-4663
info@epicalliance.ca

510 Avenue M South
S7M 2K9
Saskatoon, Saskatchewan

 

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